The street puts them sell articles on stocks like clockwork, every 3 weeks, most people just ignore them. I have saw that same pattern from them on many stocks....
No way they can compete with the big one You Tube .... You can create your own channel there and share all you want.
Even if this hits 2.50 it will go back up to 5.00, that is just the way the market works. If you are shorting at this level, you are ignorant, better shorting stocks out their everyday.
These small caps usually move fast in either direction. The key is to buy one when it is near their 52 week lows and hold until people get interested again and deep puts when the stock goes up to fast. Fundamentals has nothing to do with it.
It's a buy when everybody is selling...
The way Lenovo has been growing and buying companies like IBM server business, they should be chopping at the bit to acquire FIO. Chinese owned, cheap labor, good technology, they could easily add this to their portfolio. I am very surprised they have not showed interest.
The 42 million is paid under certain conditions to end this agreement. If they get a significant higher bid, the 42 million won't matter. Part of the next deal.
How I read the 8k, FIO will still be a subsidiary of Sandisk which indicates to me that FIO will still be traded, not absorbed.. They will have controlling interest in FIO when they buy most of the shares outstanding. maybe I am wrong, but this is the way I read it.
No reason to sell them now, just wait and see.... You know you will get at least 11.25 for them...
I don't own much and will be down only a few dollars if this price stands, but I was angry, not so much about the dropping of the ball of FIO's fiduciary duty to their shareholders but more about the price action since earnings and the call option trading last week right before Roth capitals upgrade. I reported it to the SEC this AM... but you know how that goes.... since Sandisk will be a big winner here, they will probably file my complaint under "G"
If these troll lawyers were really interested in the shareholder stake and or losses and not their own pockets they would investigate the trading activities since earnings an the correlation with maker makers and any short sales buy insiders and or in the know brokers/investment banks that caused this stock to lose about 30% right before the buyout announcement. Further investigation would show that call options exploded last week before the upgrade by ROTH Capital... Any other investigation is fruitless and just goes to show that lawyers are actually trolls in disguise.
I reported funny bunny stock/option manipulation to the SEC this AM. We will see if these idiots do anything about it, NOT!
I just filled out their complaint form noting manipulation. They rode the price down, call options increased, upgrades came in, they sold too cheap. No harm no foul to fill out their form.
The call options were heavy before the upgrade..... it was obvious they walked this one down because of this buyout... even the idiots and the SEC should see that.